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I thank you for your comments Konner. I do need to make a clarification though...We didn't hold a called open vote. Historically it's been troublesome to coordinate a special vote of this type (especially with Ford in Iraq at the moment, we only had a time frame of a few days while he was on leave to discuss). Something this sensitive would also leak before we could make a clean break and plan accordingly. The decision has taken months of agonizing. We are lucky in that about 85% of the company is held by the Top 5 holders, though, and we did make sure that we had a majority of the holders, representing roughly 68-70% of the shares outstanding, supporting the move. The decision was developed by private conversations between parties. It wasn't my preferred method, but at least the decision wasn't done in a vacuum :)

The choice to move to Ancapex was simply because FED is HQed on a BNT property coupled with Ford and I's historical relationship with BNT. ACE/BNT is so much more than Intlibber and the business support and services we've received from Int and Team them over the past year made the decision to relist with them quite easy. We also feel that we bring something of value to ACE and seek to help define standards in conjunction with all ACE companies.

That said, it's my firm belief shareholders (even that guy who has one share) are the true owners of any public company. I have an open door to any of our investors and if a majority of the holders decide that something else needs to be done then it needs to be addressed accordingly.